FORMER SHAWNEE
TDK EMPLOYEES
RECEIVE TRADE READJUSTMENT ASSISTANCE
Expired
Benefits Returned to Shawnee,
OK Employees Under Trade Act of 1974
OKLAHOMA
CITY, OK – The Oklahoma Employment Security Commission announced today that
displaced workers from the Shawnee facility of TDK Ferrites Corporation are eligible
to receive financial help. The U.S. Department of Labor has ruled that former
employees of the Shawnee, OK facility meet requirements to receive trade
adjustment assistance according to the Trade Act of 1974 (19 USC 2273) as
amended by the Omnibus Trade and Competitiveness Act of 1988 (P.L. 100-418).
Under Section 223 of the legislation, workers qualify for adjustment assistance
if three criteria are met: 1) workers must be laid off or threatened with
layoff; 2) sales or production must have decreased; and 3) increases in imports
of products like or directly competitive with products made by the firm must
contribute to layoffs or the threat of layoffs. Trade adjustment assistance is
available to individuals who become unemployed as a result of increased imports
or a shift in production. The goal is to help laid off workers return to
suitable employment as quickly as possible.
The report concludes that “all workers of TDK Ferrites Corporation, Shawnee, Oklahoma, engaged in activities related to the production of CR core ferrites and EU core ferrites who became totally or partially separated from employment on or after April 25, 2000 through August 29, 2003, are eligible to apply for adjustment assistance…” The first day of eligibility for the assistance is June 30, 2001. Separated employees who would like to take advantage of this assistance should contact their nearest Workforce Oklahoma Local Office at 1-888-840-WORK (9675).
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